91106, Pasadena, CA

The 91106 zip code of Pasadena, CA has a median home value of $527,000 and a median home equity value of $269,000. The average home size in this zip code is 2,898 square feet. The population in this zip code is approximately 112,000 people.

There are a number of factors that contribute to the high home values in the 91106 zip code of Pasadena. First and foremost, the area is affluent and has a high concentration of wealthy residents. Additionally, Pasadena is one of the most desirable places to live in California and has consistently ranked as one of the top 10 cities in America for quality of life. This combination contributes to high demand for homes in this area and drives up prices.

Another factor that contributes to high home values in the 91106 zip code is low unemployment rates. The unemployment rate in Pasadena was 3.4% as of December 2016 which is lower than both the California statewide unemployment rate (4%) and national unemployment rate (4%). This low unemployment rate helps to keep demand for homes strong and drives up prices even further.

Despite these factors, there are still some areas where prices may be lower than average due to competition from other areas or because certain types or sizes of homes are more popular in this area than elsewhere. For example, while median home values are highest around Lake Avenue and Fair Oaks Boulevard, prices can be lower on smaller streets near downtown Pasadena or on rural properties outside the city limits.